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Every November, the Microsoft Deferred CompensationPlan (DCP) opens for enrollment and salary deferral elections for the upcoming year. And every year, we hear similar questions from those eligible to allocate money into a deferred compensationplan. You must defer compensation for at least 12 months. “At
[Editor’s note: Information contained in this post is based off information for the 2021 DCP enrollment period. In this article, we cover what you need to know about the Microsoft Deferred CompensationPlan (DCP) for the upcoming enrollment period. The Tech Employees Guide to Deferred Compensation (pdf). FREE RESOURCES.
For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year. One strategy is to accumulate deductions that a client would normally take over 2 years into a single year.
And while these benefits can be quite valuable, in most cases, they do require a fair amount of time, planning, and intentionality to take advantage of them and incorporate them into your overall financial strategy. Planning opportunities with RSUs: Use RSU income to maximize contributions to other benefits programs.
What’s the risk of the Intel SERPLUS plan? But before we get into these questions, we’ll start by laying out the specifics of Intel’s SERPLUS program and highlight any changes from 2021 when they are announced. Watch a replay of our Dec 2021 SERPLUS Webinar. What’s the Risk of the Intel SERPLUS Plan? FREE RESOURCES.
Employees of what was formerly Mentor Graphics, now Siemens, may find that they are eligible for Siemens’ Deferred CompensationPlan (DCP) and wonder if they should defer their salary and/or bonus into the plan. The Benefits of Deferred Compensation. The Risks of Deferred CompensationPlans. Tax Benefits.
Like any major corporation, Microsoft’s compensation package includes various programs and benefits for its employees. For example, base salary makes up around 70% of total compensation for the typical Level 59 Software Engineer versus less than 50% for a Level 67 Principle SDE. 2021 could be your last chance to participate.
Prior to joining EP Wealth Advisors in 2021, Scott worked for a number of the largest Wall Street firms, including UBS, Prudential and Wells Fargo. The Institute exists to preserve, protect and defend fiduciary principles in investment advice, wealth management and financial planning. in English Language and Literature.
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